M&A TRANSACTION · 2023
Meridian Bioscience Inc. acquired by SD Biosensor / SJL Partners
$1.53B· 17.6x EBITDA· 5.10x revenue
Target
Meridian Bioscience Inc.
Acquirer
SD Biosensor / SJL Partners
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$302.0M
EBITDA
$87.0M
Deal Value
$1.53B
EV/EBITDA
17.6x
Context
This $1.53B acquisition of Meridian Bioscience Inc. by SD Biosensor / SJL Partners sits in the laboratory services sub-vertical. The 17.6x EBITDA multiple paid in 2023 can be compared against the population median for laboratory services transactions of similar size on our Laboratory Services valuation hub. SD Biosensor / SJL Partners is acquiring as a strategic buyer; see how strategic acquirers typically price laboratory services businesses on our Laboratory Services strategic buyer-pool page.
Source
Data sourced from SEC Fairness Opinion — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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